A Wealth of Common Sense

A Wealth of Common Sense

Why Simplicity Trumps Complexity in Any Investment Plan

Book - 2015
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"Cut through the confusion and noise and focus on what actually matters. A Wealth of Common Sense clears the air and gives you the insight you need to become a smarter, more successful investor. Complexity is often used as a mechanism for talking investors into unnecessary purchases, when all most need is a deeper understanding of conventional options. This book explains which issues are important—and which are not. Take a look inside for guidance on how to: Keep up with—or beat—professional money managers Exploit stock market volatility to your utmost advantage Learn where advisors and consultants fit into a smart strategy Build a portfolio that makes sense for your particular situation"--
Publisher: Hoboken, NJ :, Wiley/Bloomberg Press,, [2015]
Copyright Date: ©2015
ISBN: 9781119024927
1119024927
Characteristics: xviii, 195 pages : illustrations ; 23 cm

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Boych2018
Feb 18, 2019

Of all the investment books I've read, A Wealth of Common Sense does the best job of sensibly covering investor issues especially: keep it simple, make plans and how investors can be their own worst enemies.

My favorite quote from page 172 by Carl Richards on reasons for seeking financial advisor help: 1) To help me clarify my financial goals. 2) To remind me of my goals. 3) To stand between me and stupid. Funny and true.

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HandyFellow
Sep 03, 2017

A well written, well researched book that examines the mathematical practicality of why Index and broad based ETF investing works. The book is an argument for keeping a portfolio boring, balanced, and diversified, and why that strategy will inevitably win out in the end.
The case is made however, that nobody really knows where interest rates, inflation, and even returns are headed, only where they have been. Anyone who tells you that they do know, or that says they can predict market directions consistently is either a liar, a snake oil salesman, or a fool (or maybe a combination of all of them). This is why diversification and asset allocation work, precisely because it allows an investor to cover all bases, to ensure the broadest diversification and risk management of one's portfolio.

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